ROEWEN, GREEN LANE WEST, RACKHEATH, NORWICH, NR13 6LT - £340,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

ROEWEN is a very large extended detached house of 160m², built sometime between 1967 and 1975. It was last sold for £340,000 in May 2013, which was around 40% above the average May 2013 detached price in the Broadland local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

ROEWEN Sold Prices

Land registry data shows two sales for ROEWEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Both of the two ROEWEN sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 28 MAY	£340,000	£243,258	40% above HPI
2007 8 AUG	£325,000	£258,761	26% above HPI

ROEWEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two ROEWEN sales from August 2007 and May 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2007 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2013 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is ROEWEN?

ROEWEN is 160m², which includes three extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 20% of detached houses in Rackheath, based on EPC data. The below chart shows the distribution of detached houses by size in Rackheath, and where ROEWEN lies on this distribution: 86% of detached houses are smaller than ROEWEN, and 14% of houses are larger. Note that EPC data is not available for all properties in Rackheath.

ROEWEN: Plot and Title Map

ROEWEN sits on a plot of roughly 0.517 of an acre, or 2,093m². The below map shows the location of ROEWEN, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of ROEWEN). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is ROEWEN?

ROEWEN is located on GREEN LANE WEST in RACKHEATH, in the NR13 postcode district. The below map shows the position of ROEWEN on GREEN LANE WEST.